Real Estate Investing in Oklahoma City, Oklahoma (73135)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73135 (Oklahoma City, OK)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.7% vacancy may signal weakening demand.
What’s happening in Oklahoma City, OK (73135)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73135 Oklahoma City
This part of Oklahoma County is not an easy win. The 73135 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $210K asset, 73135 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 73135's metrics run below Oklahoma County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
On the rental side, 22,206 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Oklahoma City's stable or hybrid ZIPs before stepping into 73135. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Oklahoma City:
Property Strategy for 73135
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $115,442 | $1,360 | 8.5% | +9.9% | $57,721 |
| 3BR | $198,919 | $1,830 | 6.6% | +7.0% | $66,306 |
| 4BR | $243,052 | $2,030 | 6.0% | +6.1% | $60,763 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73135 Compare?
| Metric | 73135 | Oklahoma City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $209,521 | $142,912 | N/A | $214,563 |
| 5-Year CAGR | 5.1% | 4.1% | N/A | 6.9% |
| Avg Rent | $1,381 | $1,288 | N/A | - |
| Cap Rate | 5.1% | 5.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73135 (Oklahoma City, OK). Anonymous, moderated, never written by AI.
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Property managers serving Oklahoma County
Manage rentals here? List your business →All County Heartland is a full-service residential property management company in Edmond, OK, focused on maximizing rental property revenue and maintaining investments. summary from their website
C-Star Management is a leader in property management, offering services for apartments, houses, and duplexes. summary from their website
Substancia Property Management offers single-family, multi-family, commercial, and HOA property management services in the Oklahoma City Metro and surrounding areas. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $209,521 |
| Monthly Rent | $1,381 |
| Price-to-Rent | 12.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.1% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 Rent Trends
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +4.6% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 73135
Population: 22,206
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 73135
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 5,322 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Oklahoma City, OK rate as a rental market?
Investors tracking Oklahoma City, OK will find a 3.0/5 rating supported by $210K median home values and $1,381/mo rents. That profile suits long-term holders targeting even-keeled returns.
Which real estate strategy fits Oklahoma City, OK?
Oklahoma City, OK investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($210K prices, $1,381/mo rents) make it a reasonable choice.
Are rents high in Oklahoma City, OK?
Average rent in Oklahoma City, OK is approximately $1,381/mo per month. Against $210K home values that yields a reasonable rent-to-price ratio.
Should investors worry about vacancy in Oklahoma City, OK?
Oklahoma City, OK carries elevated vacancy risk. Expect predictable absorption at market rents of $1,381/mo.
Can I live-in-and-rent in Oklahoma City, OK?
Oklahoma City, OK offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,381/mo rent level.
You know 73135 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73135 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 73135 ranks in Oklahoma City, OK
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